Similiar Content You Might Enjoy
A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies.
Bank rate news for the week was mixed with the big news centering on the European Central Bank’s (ECB) announcement to add liquidity to European markets and the U.S. monthly jobs report getting released on Friday showing good, but not great, growth in job creation. More or less, conflicting data for interest rates. Added liquidity
Controlling reserves either through availability or the rate at which reserves are carried is the backbone of the Feds forces. Understanding the reserves system is key to understanding why the Fed carries so much control over the whole financial system.
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and
A deposit account into which payments may be made by an individual for the purpose of funding future health-related costs. The process benefits from certain tax benefits under current law.
The magnetized recording of data on a magnetic strip or the process used to imprint or inscribe MICR characters on checks, deposits, and other financial instruments. Magnetic Ink Character Recognition (MICR) is a character-recognition technology adopted mainly by the banking industry to facilitate the processing of checks. Each check in encoded at the
Copper Star Bank is an Arizona based bank. The bank is a community bank that is based in Scottsdale. Copper Star Bank was established to serve as a commercial bank working with the needs of small to medium-sized companies and their employees. Copper Star Bank was founded in 2000 under its original name of Scottsdale
Federal law prohibits this information from being made public. The OCC cannot release any information relating to any supervisory actions or whether a violation of law or regulation occurred in connection with your complaint.
Colorado National Bank is a full service financial institution with its main office located in Colorado Springs, Colorado. The bank has two additional bank branches in Falcon and Monument. Colorado National Bank is a wholly owned subsidiary of Team Financial, Inc. Team Financial, Inc. is a financial holding company incorporated in the State of Kansas.
Since 1884, Eureka Homestead has been providing sensible savings and mortgage options to the Greater New Orleans community. Eureka Homestead is chartered as a Savings Association. The primary regulator is the Office of Thrift Supervision (OTS). The bank has been FDIC insured since 1935. At the end of 2008, the bank had assets of $111,491,000.
An account in the name of one individual.
Banks generally do not charge for replacing ATM cards that are lost, stolen or otherwise inoperable. You may want to look at the fee schedule on your account agreement to verify any possible charges.
An officer of the Treasury Department who is responsible for chartering national banks and has primary supervisory authority over them.
Depending on the circumstances and your State’s laws, you may be held responsible for the entire amount of the check that you cash at the bank or deposit into your account.
If your bank credited your account for a check that was later found to be insufficient, the bank can reverse the funds. As the
Victory Community Bank, established in 2002, is a full service neighborhood bank. The bank is headquartered in Ft. Mitchell, KY. Victory Community Bank has three bank branch locations serving the surrounding area. Victory Community Bank has been FDIC insured since December 9, 2002. Victory Community Bank is chartered as a Savings Association. Therefore the primary
CD interest rates pulled off a small increase in yield for the week ending June 15, 2012. The average yield coming from the top ten highest CD rates in the Selectcdrates.com CD rate index increased by 4/1000ths of a percent for the week. The CD rates index averages the ten highest CD rates available nationally
There are few banks today that don’t have an online presence. Almost all banks have recognized the simplicity and cost advantages of online banking and have begun offering some form of online banking and online bill pay to their customers. As these services evolve, online banking becomes increasingly easier to use and as
A UGMA provides a child under the age of 18, a minor, with a way to own investments. The money is in the minor’s name, but the custodian, usually the parent, has the responsibility to handle the money in a prudent manner for the minor’s benefit. The custodian has direct control over the gift
Mortgage rates reached near record low levels once again. With the announcement of more easing by the Fed in the previous week targeted at mortgage backed securities it comes as no surprise that mortgage rates have dropped, the surprising bank rate data for the week is the resilience in CD rates and savings rates while
A money market deposit account at an FDIC insured bank is not the same as a money market mutual fund. A money market deposit account at an insured bank has the same FDIC insurance coverage limits as a checking, savings and CDs does. Money market mutual funds do in fact have some exposure
The Nov. 14th, 2008 issue of the Star-Tribune runs an advertisement by Home Federal Savings Bank. Home Federal is publicizing their 9 month CD and 21 month CD. The interest rates are 3.00% on the 9 month CD and 3.75% on the 21 month CD. The minimum deposit to receive that yield on both bank